Safestore (LON:SAFE) Stock Price Crosses Above 200-Day Moving Average – Here’s What Happened

Safestore Holdings Plc (LON:SAFE)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 699.89 and traded as high as GBX 828.50. Safestore shares last traded at GBX 826.11, with a volume of 286,488 shares traded.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group increased their target price on Safestore from GBX 648 to GBX 682 and gave the stock a “hold” rating in a research report on Tuesday, October 28th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of GBX 751.

Safestore Price Performance

The company’s fifty day moving average is GBX 744.98 and its two-hundred day moving average is GBX 699.89. The company has a debt-to-equity ratio of 41.53, a quick ratio of 0.90 and a current ratio of 0.89. The firm has a market cap of £1.80 billion, a price-to-earnings ratio of 6.13, a price-to-earnings-growth ratio of 2.05 and a beta of 0.86.

Safestore (LON:SAFE) last issued its earnings results on Thursday, January 15th. The company reported GBX 40.10 earnings per share for the quarter. Safestore had a return on equity of 12.38% and a net margin of 118.32%. Equities research analysts forecast that Safestore Holdings Plc will post 42.6926692 EPS for the current year.

About Safestore

Safestore is the UK's largest self storage group with 190 stores on 31 October 2023, comprising 133 wholly owned stores in the UK (including 73 in London and the South East with the remainder in key metropolitan areas such as Manchester, Birmingham, Glasgow, Edinburgh, Liverpool, Sheffield, Leeds, Newcastle, and Bristol), 29 wholly owned stores in the Paris region, 11 stores in Spain, 11 stores in the Netherlands and 6 stores in Belgium. In addition, the Group operates 7 stores in Germany under a Joint Venture agreement with Carlyle.